Hi Everyone, I have 100+ pounds of wheat pennies from 1940 to 1958. I have another weighty pile from 1959 through the 1970's. All are circulated, and I have culled through all of them looking for exceptional dates and/condition. Some questions 1) Who buys pedestrian wheat pennies in average to good condition and what do they pay? 2) Is there any value to the 1959+ pennies or should I just spend them? Many thanks!
I wouldn't spend them, unless you get a kick out of putting antiquated coins back into circulation (would probably make a lot of kids' days ). Personally, I'd pack them into flat rate shipping boxes (up to 70lbs per box) and post them on Ebay. Start the auction at face value with appropriate, domestic shipping rates and see what happens. (Be truthful about the years and searching of course ) There are people that will pay a good bit more than face just for the copper value.
My LCS pays two cents for each copper Memorial Cent and three cents for Wheat Cents. Best place I know to go.
Have you searched for varieties also?I would highly recommend before putting them aside.Some can get pretty valuable but also mainly for fun just to kill time and learn.
Just do what everyone else does on eBay. **UNSEARCHED VINTAGE COPPER PENNIES** (1909 - 1982) 100+ LBS NO RESERVE AUCTION And then to really sell it, sprinkle a bunch of indian head cents on top, snap a picture, and scam the highest bidder. Or you can do what @Cherd said and maintain your integrity.
Upward of 14,585+ pennies, or 292+ rolls. That’s going to take you awhile to check them all for doubled die and rpm varieties. …you better get crackin’. I just went through 10 rolls(500 cents) and it took me weeks. If you are as meticulous as I am it will take you 12-15 years! I suggest you offload as many rolls as you can. You will be sick of dealing with Lincoln cents if you process all of those. Your best bet is to sort them and sell them by date…imo…Spark
Wow your right that is a massive amount,i thought it was much much less,like a few thousand lol.Selling them in bulk would be the best bet then.
Hi All - thanks so much for the strong guidance. @potty dollar 1878 yes, I went through ALL of them looking for varieties, double die, etc., etc., it got to the point where I was dreaming Lincoln cents. I started around Thanksgiving and didn't finish up until 4th of July. But, it's over. YAY!
https://tecnews.org/ These folks might be interested for when they roll cents at events like FUN etc.
I'll just offer this. I helped a friend liquidate his late fathers collection and he had a big glass jug filled with wheat cents. It was so heavy I brought my hand truck from work to tote the thing.... We carried it to my dealer buddy who weighed it and did the arithmetic and paid what I seem to recall was somewhere around .025-.03 cents each for them. He turned around and dumped them into one pound bags and sold them that way. Nary a cent was searched.
7 years ago I bought a 50 lb. bag of wheat cents from a dealer for $250, he gradually raise the price over the years as his suppliers said they couldn't keep up with the "get rich quick with coins" people on the tube and elsewhere, even at amazon and even some Walmarts. Some dealers have 50 lbs at over $600 due to scarcity and demand and people who break them into 100 wheats bag and on up. I guess it is like buying and stashing silver or gold these days. Jim
Just last weekend I consigned 1500 wheat cents with a local estate auctioneer. They sold for 9¢ each. After his sellers fee I got about 7.5¢ each. I sold them in 3 lots of 500 per lot.
